EU: Market for Side Cars and Cycles with Non-Combustion Motors 2024

Market Size for Side Cars and Cycles with Non-Combustion Motors in the EU

For the ninth consecutive year, the EU market for side cars and cycles with non-combustion motors recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption, however, continues to indicate significant growth. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Side Cars and Cycles with Non-Combustion Motors in the EU

In value terms, production of side cars and cycles with non-combustion motors shrank to $X in 2022 estimated in export price. Overall, production recorded prominent growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production of hit record highs at $X in 2021, and then shrank modestly in the following year.

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Exports of Side Cars and Cycles with Non-Combustion Motors

Exports in the EU

In 2022, the amount of side cars and cycles with non-combustion motors exported in the European Union surged to X units, growing by X% compared with the year before. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of side cars and cycles with non-combustion motors rose notably to $X in 2022. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The Netherlands represented the largest exporter of side cars and cycles with non-combustion motors in the European Union, with the volume of exports amounting to X units, which was near X% of total exports in 2022. It was distantly followed by Germany (X units), Belgium (X units), Bulgaria (X units), Italy (X units), Spain (X units) and Hungary (X units), together making up a X% share of total exports. Portugal (X units), the Czech Republic (X units), Austria (X units), Poland (X units), Romania (X units) and France (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to side car and cycle with non-combustion motor exports from the Netherlands stood at X%. At the same time, Bulgaria (X%), Portugal (X%), Romania (X%), Hungary (X%), Poland (X%), Spain (X%), Italy (X%), the Czech Republic (X%), Germany (X%), France (X%), Belgium (X%) and Austria (X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. While the share of the Netherlands (X p.p.), Bulgaria (X p.p.), Portugal (X p.p.), Hungary (X p.p.), Spain (X p.p.), Romania (X p.p.) and Poland (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Czech Republic (X p.p.), France (X p.p.), Austria (X p.p.), Belgium (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X), Germany ($X) and Austria ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Hungary, Bulgaria, Belgium, the Czech Republic, Spain, Italy, Portugal, Poland, France and Romania lagged somewhat behind, together accounting for a further X%.

Bulgaria, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, reducing by X% against the previous year. In general, the export price showed a pronounced setback. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per unit), while Romania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other leaders experienced more modest paces of growth.

Imports of Side Cars and Cycles with Non-Combustion Motors

Imports in the EU

For the ninth consecutive year, the European Union recorded growth in purchases abroad of side cars and cycles with non-combustion motors, which increased by X% to X units in 2022. In general, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, imports of side cars and cycles with non-combustion motors stood at $X in 2022. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X units), distantly followed by Germany (X units), France (X units), Belgium (X units) and Spain (X units) were the major importers of side cars and cycles with non-combustion motors, together creating X% of total imports. Poland (X units), Italy (X units), Austria (X units), Sweden (X units), Denmark (X units) and Hungary (X units) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Belgium, Austria, Spain, Italy, Denmark, Sweden, Poland and Hungary lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Poland, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per unit, rising by X% against the previous year. In general, the import price, however, continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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